CHINA (News release) -- Huhtamaki is planning to consolidate the production footprint in China in the Fiber Foodservice Europe-Asia-Oceania segment and will close its production sites in Tianjin and Shanghai by the end of Q2 2024. The production will be transferred to the manufacturing site in Guangzhou. Additionally, Huhtamaki continues production at the site in Xuzhou. The decision affects 154 employees in the two sites. Huhtamaki will support the impacted employees and provide assistance in finding new employment.
The announced change is part of Huhtamaki's program to accelerate strategy implementation, announced in November 2023, expected to materially support the profitability of Huhtamaki with efficiency improvements leading to savings of approximately Euro 100 million over the next three years.
Huhtamaki is a leading global provider of sustainable packaging solutions.
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